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Presenters: Jo Stinett & Simon Willis, HUD/FHA, Denver Homeownership Center
FHA Appraisal Education Session
Course Summary, Timed Outline & Learning Objectives:
Objective
To review some of the policies to provide clarity for effectively conducting an appraisal.
6:00 – 6:15
Introduction
The Appraiser and Property Requirements for Title II Forward and Reverse Mortgages section of the
Handbook 4000.1 contains the Property Acceptability Criteria for FHA mortgage insurance which include
Minimum Property Requirements (MPR) and Minimum Property Standards (MPS), and include by
reference, associated rules and regulations.
How to Access the new SF Handbook
Lenders, mortgagees, and all other interested parties can access the new Single Family Housing Policy
Handbook (SF Handbook; HUD Handbook 4000.1) via:
HUD’s Client Information Policy Systems (HUDClips) web site on HUD.gov at:
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/appr
6:15 – 6:50
Components of Appraisal Guidance
Property Requirements
Report and Data Format Requirements
FHA Appraiser Roster
FHA Appraiser Quality Control and Oversight
6:50 – 7:00 BREAK
7:00 – 7:20
Enhancements to Note and Reminders
Attic and Crawl Space Inspection Requirements
Appliance requirements
Green Building
High Voltage Transmission Lines
Excess/Surplus Land
Valuation Approaches
Roofs Covered with Snow
Manufactured Home Additions
Appraisal Report and Data Delivery Requirements
Photograph Requirements
Maps
Mortgagee Responsibilities/Appraiser Responsibilities
Mechanical Systems
Defective Conditions: Inspection Requirements
Minimum Repair Requirements
7:20 – 7:50
Material deficiencies
Review of appraisal deficiencies noted by DHOC Appraisers
7:50 – 8:00
Q & A
2 hours Colorado Appraiser CE Pending